how was econ p42 guys?

[bos426]

What did you guys think ? Discussions after 24 hours
Suggestions of gt?
Thought it was alright, nothing too out of the blue, overall a good paper i suppose

 

[acer786]

i agree with but i had confusion regarding the very first question in section A

 

[bos426]

Same here, i am actually pretty sure now that i got it wrong...; (

 

[dielectric constant]

gt might be 50+!!!!!

 

[Bachelor]

i agree with but i had confusion regarding the very first question in section A

at factor cost it means prices received by the owner its obvious that they have to pay indirect taxes like if a consumer pays 100 for a burger the owner will get 90 i.e 10 will go to the government whre at marker price it meant prices paid by consumer i.e
100 or in other words profit margin included in the prices of goods
dont worry i also wrote wrong definition of factor cost as i wrote factor cost means cost of the production of gdp bt i may get marks

 

[dielectric constant]

plz tell whether this correct? GDP at market prices is also known as GDP at current prices. in other words it is the GDP measured in terms of the prices operating in the year in which the output was produced. and i wrote GDP at factor cost means GDP measured in terms of the cost of factor inputs.

 

[dielectric constant]

which questions have u answered from section B so that i can just discuss with u a bit???

 

[Bachelor]

whch questions u attempted guyz? i attempted 6 and 7 easiest ones

 

[Fatima M.S. Alimohamed]

i answered qn 4 and 7

 

[dielectric constant]

fine then. same as u. plz can u tell me what did u write about GDP being a reliable measure and diffrences betwn developing and develpoed?

 

[dielectric constant]

plz match ur ones with my answers.

 

[Bachelor]

plz tell whether this correct? GDP at market prices is also known as GDP at current prices. in other words it is the GDP measured in terms of the prices operating in the year in which the output was produced. and i wrote GDP at factor cost means GDP measured in terms of the cost of factor inputs.

u r right about market price bt not cost price as i also wrote ur answer in the exam by considering the term cost bt the correct answer is gdp at factor cost price means market price minus indirect taxes plus subsidies im having a feeling that we will get marks

 

[dielectric constant]

GDP - hidden econmoy, non marketed goods, diffuculties in measuring govt. services etc... conclusion GDP can be both a reliable as well as unreliable indicator

 

[dielectric constant]

Inshallah. hope that happens!!!!

 

[Bachelor]

GDP - hidden econmoy, non marketed goods, diffuculties in measuring govt. services etc... conclusion GDP can be both a reliable as well as unreliable indicator

doest show amount of goods,the relative price level,working conditions,life expectancy,uneven income distribution...mostly an unreliable measure so i wrote hdi is a better one

 

[dielectric constant]

diff. betwn developed and developing:- 1. birth, death, infant mortality rate,sanitation, water sources, unempolyment, urbanisation, external trade, tecnology,external debt literacy rate, GDP per head etc... is that okay?????

 

[dielectric constant]

now come to whther fiscal policy is the only method- answer:- no. monetary and supply side policies are there.is that okay????

 

[Bachelor]

now come to whther fiscal policy is the only method- answer:- no. monetary and supply side policies are there.is that okay????

did u write their effectiveness i mean with their drawbacks as well?

 

[Bachelor]

What did you guys think ? Discussions after 24 hours
Suggestions of gt?
Thought it was alright, nothing too out of the blue, overall a good paper i suppose

gt cant be said because it contained all types of aswers hard normal and easy so will depend upon the majority who chose a particular type of question..overall ALHAMDULILLAH it was a good paper..

 

[dielectric constant]

no. the question did not ask for drawbacks? they asked whther do u agree with the opinion that fiscal is the only way to lower unemployment? so answer should that monetary and fiscal policies work together to lower unemployment with some supply side policies as well.....